This duplex with a bonus 3rd 1/1 unit just went up in our neighborhood.

The 50,000 foot structure is that you'll be separating the ownership interest LLC from the taxable economic interest LLC, which allows you to sell your position in the latter to a third-party.Note, there are some claw-back and burn-down provisions for this structure, so it's important to understand all the details before capitalizing tax incentives.Note 2, there are other programs associated with energy efficient renovations and bonus depreciation that may apply.Note 3, on the first project, I wouldn't rely on the tax credit to make the deal in your underwriting.

I knew I was on the right track but I didn’t realize you could get a HELOC for 100 percent LTV and the tax break is just another bonus!

If your lucky the price will be based off the low rents and you'll increase value by just getting a better lease in play.... and bonus points if the landlord is just over it and your speed will be even more valuable. 

It doesnt matter how good a management company is, this area is tough so plan to have things go wrong but if they go well consider that a bonus. 

Unrelated, but I'll be getting credit cards with sign up bonuses to get some free trips out of this big project. 

Master on main or bonus room plan ?? 

BONUS: Does anyone have an Operating Agreement for a two-person partnership I can look at?

Should I offer to pay a bonus to a great agent to find me a great deal?

Look no further than the Chase Ink Business PreferredChase offers the Chase Ink Business Preferred Card with 80,000 Ultimate Rewards Bonus Points after making $5,000 in purchases during the first 3 months from account opening.